Carphone Warehouse 2007 Annual Report Download - page 31

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Pension contributions*
The schedule below sets out payments to defined contribution pension schemes on behalf of Executive Directors. Roger Taylor has a Self Invested Pension Plan;
David Goldie and Andrew Harrison have a fixed amount of salary paid into defined contribution pension plans. Under both schemes, a fixed proportion of salary
is paid by the Company together with a fixed proportion by the Executive Director and both amounts are invested on behalf of the Executive Director. Pension
benefits are then funded by the total investment. Jim Dale has a similar scheme in the Isle of Man. Levels are reviewed annually against published market data.
None of the Directors was a member of a defined benefit pension scheme during the period. Pension entitlements are based on basic salary only.
2007 2006
Director £’000 £’000
J H Dale 76
D Goldie 54 48
A Harrison 11 n/a
G Roux de Bezieux –14
R W Taylor 17 15
Total 89 83
Share options*
Details of Directors’ interests in options to buy shares in the Company are as follows:
At 1 April 2006
or date of Exercised during At 31 March Exercise price
Director appointment the period 2007 per share £ Exercisable from Expiry date
J H Dale 200,000 (200,000)(iii) – 1.50 19/05/2002 19/05/2010
200,000 200,000 2.00 19/05/2002 19/05/2010
222,222 (222,222)(iii) – 0.90 06/06/2006 06/06/2013
622,222 (422,222) 200,000
A Harrison 88,000 (88,000)(iii) – 1.25 21/05/2004 21/05/2011
300,000 (300,000)(iii) – 0.83 11/06/2005 11/06/2012
266,666 (266,666)(iii) – 0.90 06/06/2006 06/06/2013
654,666 (654,666) –
R W Taylor 250,000 (250,000)(iv) – 0.80 14/07/2000 01/02/2010
500,000 (150,000)(iv) 350,000 1.00 14/07/2000 01/02/2010
200,000 200,000 1.50 19/05/2002 19/05/2010
200,000 200,000 2.00 19/05/2002 19/05/2010
240,000 240,000 1.25 21/05/2004 21/05/2011
500,000 500,000 0.83 11/06/2005 11/06/2012
444,444 444,444 0.90 06/06/2006 06/06/2013
2,334,444 (400,000) 1,934,444
(i) Executive Directors may only exercise share options (and Performance Shares – see below) provided they remain in employment and hold a minimum of 100%
of salary in shares or unexercised vested share options up until the date of exercise.
(ii) The market price per share was 276.8p as at 31 March 2007. The market price during the year ranged between 256.0p and 360.8p.
(iii) Exercised on 9 June 2006 when the market price was 330.0p.
(iv) Exercised on 27 June 2006 when the market price was 320.0p.
27
Governance Financial Statements
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